Zeta Global (NYSE:ZETA) Stock Rating Upgraded by Wall Street Zen

Wall Street Zen upgraded shares of Zeta Global (NYSE:ZETA) from a hold rating to a buy rating in a research note released on Saturday morning.

A number of other analysts have also commented on the company. Zacks Research upgraded Zeta Global from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 27th. Morgan Stanley increased their price target on Zeta Global from $15.00 to $20.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 6th. The Goldman Sachs Group boosted their price target on Zeta Global from $16.00 to $18.00 and gave the stock a “neutral” rating in a research report on Thursday, August 7th. Bank of America increased their price objective on Zeta Global from $20.00 to $24.00 and gave the company a “buy” rating in a report on Wednesday, August 6th. Finally, Canaccord Genuity Group boosted their target price on shares of Zeta Global from $26.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, August 6th. Eleven analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $30.29.

Zeta Global Stock Performance

Shares of Zeta Global stock opened at $22.11 on Friday. The firm has a market cap of $5.26 billion, a price-to-earnings ratio of -116.34 and a beta of 1.30. The stock’s 50-day moving average is $18.23 and its 200-day moving average is $15.22. Zeta Global has a one year low of $10.69 and a one year high of $38.20. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.25 and a quick ratio of 3.25.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Zeta Global by 753.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,306,270 shares of the company’s stock valued at $85,513,000 after buying an additional 5,567,201 shares in the last quarter. Greenvale Capital LLP boosted its stake in Zeta Global by 178.0% in the second quarter. Greenvale Capital LLP now owns 6,951,181 shares of the company’s stock valued at $107,674,000 after buying an additional 4,451,181 shares in the last quarter. Yong Rong HK Asset Management Ltd acquired a new stake in Zeta Global in the first quarter valued at about $38,748,000. Marshall Wace LLP boosted its stake in Zeta Global by 857.2% in the second quarter. Marshall Wace LLP now owns 2,679,321 shares of the company’s stock valued at $41,503,000 after buying an additional 2,399,408 shares in the last quarter. Finally, Norges Bank acquired a new stake in Zeta Global in the second quarter valued at about $33,474,000. Institutional investors own 87.75% of the company’s stock.

About Zeta Global

Zeta Global Holdings Corp. operates an omnichannel data-driven cloud platform that provides enterprises with consumer intelligence and marketing automation software in the United States and internationally. The company’s Zeta Marketing Platform analyzes billions of structured and unstructured data points to predict consumer intent by leveraging sophisticated machine learning algorithms and the industry’s opted-in data set for omnichannel marketing; and Consumer Data platform ingests, analyzes, and distills disparate data points to generate a single view of a consumer, encompassing identity, profile characteristics, behaviors, and purchase intent.